News about inflation

From the @wsj article, “Why Is the Federal Reserve Always Surprised by Inflation? The central bank owes the public an explanation—and a serious effort to correct its flawed model.” #economy #markets #centralbanks #econtwitter #federalreserve pic.twitter.com/9pXVdePJAr

The PCE-based Ecumenical underlying inflation measure was 3.0% in March, down 0.1pp from February. This is the median of 24 different measures: 8 different bases over 3, 6 and 12 months. FWIW, my own judgment is underlying inflation is 2.5 to 3.0%, probably top of that range. pic.twitter.com/DgIeSK2Zm1

Core PCE inflation, annualized rates: 1 month: 3.9% 3 months: 4.4% 6 months: 3.0% 12 months: 2.8% pic.twitter.com/fnoRWNhW6W

🇺🇸#Inflation: Moderate monthly momentum & not as hot as feared in March ✅ 🟡Headline PCE prices +0.32% m/m 🟡Core PCE prices: +0.32% m/m 🎯Moving toward 2.5% inflation plateau: ⤴️Headline inflation +0.2pt to 2.7% ↔️Core inflation flat 2.8%: low since Mar '21 pic.twitter.com/L4EouLOlN8